Crypto Exchange

A cryptocurrency exchange or a digital currency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies.

Kraken Ordered to Turn Over Crypto Customer Info to IRS
Kraken Ordered to Turn Over Crypto Customer Info to IRS
July 02, 2023  |  Cryptocurrency

A federal judge has ordered cryptocurrency exchange Kraken to release customer information to the IRS. The Internal Revenue Service had asked for information to determine if Kraken’s customers...

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FTX Bankruptcy Expenses Exceeded $200 Million in First 90 Days
FTX Bankruptcy Expenses Exceeded $200 Million in First 90 Days
June 21, 2023  |  Cryptocurrency

The absence of corporate records is reportedly making FTX’s bankruptcy “very expensive by any measure.” During the first 90 days of the cryptocurrency exchange’s bankruptcy proceedings,...

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SEC: Binance and Affiliates Agree to Keep Customer Funds in US
SEC: Binance and Affiliates Agree to Keep Customer Funds in US
June 18, 2023  |  Cryptocurrency

Binance and two affiliates have agreed to hold in the United States the assets held for customers of Binance.US. The Securities and Exchange Commission (SEC) reached an...

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Just 6.4% of Bitcoins on Exchanges Amid SEC Crackdown
Just 6.4% of Bitcoins on Exchanges Amid SEC Crackdown
June 14, 2023  |  Cryptocurrency

Bitcoin’s supply on cryptocurrency exchanges has reportedly hit a five-year low. That’s according to market intelligence platform Santiment, which said Tuesday (June 13) on Twitter that...

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Ruling: FTX Can Redact Customer Names in Bankruptcy Case
Ruling: FTX Can Redact Customer Names in Bankruptcy Case
June 11, 2023  |  Cryptocurrency

FTX has won permission to redact customer names from filings in its bankruptcy case. The ruling, handed down Friday (June 9) in federal court, came after...

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Binance Will ‘Vigorously’ Defend Crypto Trading Platform From SEC Charges
Binance Will ‘Vigorously’ Defend Crypto Trading Platform From SEC Charges
June 05, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has filed 13 charges against Binance and its founder Changpeng Zhao in U.S. District Court in Washington, D.C. The charges against the crypto asset...

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Report: FTX Sues for $240 Million Paid for Stock Trading Platform
Report: FTX Sues for $240 Million Paid for Stock Trading Platform
May 18, 2023  |  Cryptocurrency

FTX is reportedly working to get back the more than $240 million it paid for stock trading platform Embed. The bankrupt cryptocurrency exchange filed three lawsuits...

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Binance: Canadian Market ‘No Longer Tenable’ After New Regulations
Binance: Canadian Market ‘No Longer Tenable’ After New Regulations
May 14, 2023  |  Cryptocurrency

Binance says new regulations in Canada have forced it to exit that country’s crypto market. “We had high hopes for the rest of the Canadian blockchain...

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DOJ Investigates Binance for Russia Sanction Violations
DOJ Investigates Binance for Russia Sanction Violations
May 07, 2023  |  Cryptocurrency

Federal authorities are reportedly probing whether cryptocurrency exchange Binance violated U.S. sanctions against Russia. The U.S. Justice Department’s investigation centers on whether the company was...

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